First Merchants Correlations

First Merchants Correlation With Market

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Merchants. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. To learn how to invest in First Stock, please use our How to Invest in First Merchants guide.

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations    UCB + 0.93 COFS ONBPO + 0.89 ONBPP UCB + 0.85 ONBPP ONBPP + 0.83 COFS ONBPO + 0.83 COFS UCB + 0.82 ONBPO

High negative correlations    MSBIP - 0.72 KFFB MSBIP - 0.43 MNSBP OVBC - 0.39 KFFB ONBPP - 0.25 KFFB COFS - 0.25 KFFB ONBPO - 0.22 KFFB

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Merchants Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze First Merchants' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.